Synagistics set for Hong Kong listing through merger with SPAC backed by former HKMA head [Yahoo! Finance]
HKT TRUST AND HK UNSP/ADR (HKTTY)
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Source: Yahoo! Finance
The Singapore-headquartered company will merge with HK Acquisition Corp, a SPAC formed by Norman Chan Tak-lam , the former CEO of the Hong Kong Monetary Authority (HKMA) , along with two family members of the city's former chief executive Donald Tsang Yam-kuen , according to an exchange filing after the market close on Friday. The deal values Synagistics at HK$3.5 billion (US$448 million). The agreement comes with a private investment in public equity (PIPE) with nine investors, including a fund managed by Oakwise Capital Management and a subsidiary of Hong Kong Telecommunications, according to the filing. The proceeds from the PIPE will be HK$601 million. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Haitong International Capital and CMB International Capital have been appointed a
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